Accounts Management
Monthly or periodic accounting, reconciliations and management summaries for small businesses, startups and companies.
Tax and Compliance
Tax audit, statutory audit for companies and LLPs, and GST reconciliation, carried out by a practising Chartered Accountant with books prepared by our team.
- Tax and Compliance
- Usually 1 to 3 weeks after complete books, depending on the size of the business*
About Audit Support — Tax, Statutory and GST
Some businesses must have their accounts audited every year. Companies need a statutory audit under the Companies Act. Businesses and professionals above the turnover limits in the Income Tax Act need a tax audit. GST returns also need to be reconciled with the books.
Audits are signed only by a practising Chartered Accountant. Our team helps you get your books, ledgers and reconciliations ready, coordinates with the auditor and makes sure the reports are filed before the due date.
Who Needs This Service
- Private limited companies, OPCs and Section 8 companies (statutory audit every year)
- LLPs above the limits that require an audit
- Businesses and professionals whose turnover or receipts cross the tax audit limits
- GST-registered businesses that want their returns reconciled with the books
Key Benefits
Done by a practising CA
Audit reports are issued and signed by a practising Chartered Accountant.
Books ready first
We prepare and reconcile your books so the audit runs smoothly.
On-time filing
Due dates tracked so you avoid late penalties.
Clear observations
Points raised in the audit are explained so you can fix them for next year.
Eligibility and Applicability
- Statutory audit: every company registered under the Companies Act
- LLP audit: when turnover or contribution crosses the limits in the LLP rules
- Tax audit: when business turnover or professional receipts cross the limits in the Income Tax Act
- GST reconciliation: for registered businesses, as required by the rules in force
Audit limits and due dates are set by law and change from time to time. We confirm which audits apply to you for the year.
Documents Commonly Required
Books and records
- Books of accounts (Tally or other software backup)
- Bank statements for the full year
- Sales and purchase invoices
- Fixed asset and loan details
Tax and company records
- GST returns filed in the year
- TDS returns and challans
- Previous year audit report and ITR
- Minutes and statutory registers, for companies
Document requirements may vary depending on applicant type, location and applicable regulations. We confirm the exact list for your case before you share anything.
Step-by-Step Process
Applicability check
We confirm which audits apply and the due dates.
Books finalised
Our team completes and reconciles the books with your help.
Audit
The Chartered Accountant examines the records and raises queries.
Report and filing
The audit report is issued and filed online with ITR or ROC forms.
Estimated Timeline and Fees
Estimated timeline
Usually 1 to 3 weeks after complete books, depending on the size of the business
Start early: due dates fall in the busy season and late filing attracts penalties.
Professional fee
The audit fee depends on the size and type of the business and the state of the books. You receive a written quote before we start.
Government fees and charges
ROC filing fees, where applicable, are payable at actual.
* Timelines are indicative. They can change because of document verification, queries raised by the authority and government processing times, which are outside our control. Approval is decided by the relevant authority under applicable rules.
Common Mistakes to Avoid
- Waiting until the last week before the due date
- Not reconciling GST returns with the books during the year
- Missing cash transaction limits that the auditor must report
- Ignoring observations from the previous year’s audit
Frequently Asked Questions
Who signs the audit report?
Only a practising Chartered Accountant can sign a statutory or tax audit report. We work with a practising CA for this.
Is an audit needed for a small company?
Yes. Every company must have its accounts audited each year, whatever its size. Tax audit limits are separate.
What happens if the tax audit is late?
A penalty can apply under the Income Tax Act for not getting the accounts audited or not filing the report on time.
Can you also keep our books?
Yes. Monthly bookkeeping makes the year-end audit much faster. See our Bookkeeping and Accounts Management services.
Related Services
You May Also Need
Annual Compliance Support
Annual ROC filings and related compliance support for private limited companies, OPCs and LLPs, including AOC-4, MGT-7, Form 8 and Form 11.
Income Tax Return Filing
Preparation and filing of income tax returns for salaried individuals, professionals, freelancers and business owners.
Talk to Our Team
Have a Question About Audit Support?
Call, WhatsApp or visit our office. We will explain what applies to you, the documents needed and all charges before you decide.
- Callback during office hours
- Written quote before any work begins
- No obligation to proceed
Speak to an expert
Tell us what you need. We will explain the documents, process and fees before you decide.
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